Trader and commentator Scott Melker says the current Bitcoin drawdown should be viewed as a deep bull-market dip rather than a classic bear market, after BTC peaked at $126K in October 2025. He points to four bottom-type signals he tracks—weekly RSI extremes, an all-time-low Fear & Greed reading, record "Bitcoin going to zero" search interest, and price nearing the 200-week moving average—while arguing altcoin liquidity has been pulled into prediction markets.

The FDIC has set a board meeting for April 7 to advance rulemaking that would spell out how FDIC-supervised banks and their subsidiaries can issue permitted payment stablecoins under the GENIUS Act. The agenda also includes anti-money laundering standards and a final rule on regulators’ use of “reputation risk.” In parallel, the CLARITY Act is moving toward a Senate Banking Committee markup in the second half of April, with lawmakers warning delays past May could stall crypto legislation for years.

Crypto market sentiment remains heavily risk-off, with the Fear & Greed Index at 11 and the Altcoin Season Index at 38, signaling continued "Bitcoin Season" conditions. Data cited in the report says more than 36 million tokens exist and about 40% of altcoins are at or near all-time lows, while cumulative selling pressure has reached $209 billion over 13 months. Attention this weekend is described as concentrating on ETH, SOL, BTC and USDC as traders narrow focus to larger, more established networks.

James Wynn has returned to Hyperliquid after previously turning $4 million into $87 million and later losing nearly all of it. He deposited $3,911 from referral rewards and opened a 40x short on 2.69 BTC, with liquidation at $71,112.48 while Bitcoin traded around $70,697. The trade sits about $415 from liquidation, drawing fresh criticism from other crypto traders.

Robert Kiyosaki, currently in Vietnam, used a new X post to argue that modern warfare operates as a financial system that consumes large amounts of silver. Silver has climbed more than 150% year-on-year from around $32 in 2025 to above $80 in early 2026 and is now trading at $84.33 after briefly hitting a $116 record. He maintains his call for silver to reach $200 in 2026, framing gold, silver, and Bitcoin as protection against currency debasement driven by heavy war spending.

Bitwise CIO Matt Hougan named Bitcoin, Ethereum, Solana, and Chainlink as the four assets to own for this cycle, stating on the When Shift Happens podcast that Bitcoin remains the clear store-of-value winner. He assigned a 10-25% probability to U.S. sovereign Bitcoin purchases that he said could propel BTC toward $500K, while noting the market trades over 40% below its October 2025 peak.

In the week of the third 2025 Fed rate cut to a 3.50%-3.75% range, crypto markets stayed cautious even as Bitcoin briefly spiked and then reversed. U.S. authorities moved ahead with major steps such as conditional bank charters for firms like Ripple and Circle, a CFTC digital assets pilot, and New York's adoption of UCC rules for digital assets. Global macro shifts, including expected BOJ hikes toward 1% by 2026, and emerging use cases like YouTube's PYUSD payouts and Bhutan's gold-backed token on Solana, reshaped how investors are assessing risk.

On December 10, OKX sent a letter to Mantra contesting public comments from CEO JP Mullin and later issued a statement alleging coordinated OM trading that pushed the token's price up before a sharp crash. Mullin has repeatedly urged users to withdraw OM from OKX and insists ERC-20 OM cannot migrate before its deprecation on January 15, 2026, leaving holders facing conflicting timelines. OKX says it backs the migration, has involved regulators and law enforcement, and argues that blocking it could unfairly impact its users.